Mon Nov 24 13:54:03 UTC 2025: Here’s a summary of the text, followed by a news article rewrite:

Summary:

The Enforcement Directorate (ED) in India has seized assets worth ₹80.05 crore belonging to M/s Santosh Sand and Granite Supply, its proprietor Gudem Madhusudhan Reddy, and his associate G Vikram Reddy. The seizure is part of an investigation into alleged illegal mining activities. The ED claims the company illegally extracted materials from unassigned government land and excess mining was done in the allotted quarry, resulting in a loss of ₹39.08 crore in royalties to the state and allowing the accused to amass approximately ₹300 crore. The company reportedly subcontracted operations without approval, sold illegally mined material for cash, and used the proceeds to purchase properties under benami names.

News Article:

ED Seizes ₹80 Crore in Assets in Illegal Mining Probe

HYDERABAD, India – November 24, 2025 – The Enforcement Directorate (ED) announced today the provisional attachment of immovable and movable assets valued at ₹80.05 crore as part of an ongoing investigation into alleged illegal mining activities by M/s Santosh Sand and Granite Supply.

The ED has named proprietor Gudem Madhusudhan Reddy and his associate G Vikram Reddy as key figures in the alleged scheme. According to the agency, the company is accused of exceeding permitted mining limits in its allotted quarry and illegally extracting materials from unassigned government land. This resulted in a reported royalty loss of ₹39.08 crore to the state government, and allowed the accused to amass an estimated ₹300 crore.

“Our investigation revealed a systematic effort to defraud the state and profit from illegal mining practices,” stated an ED spokesperson.

The ED’s investigation uncovered that M/s Santosh Sand and Granite Supply allegedly subcontracted operations to M/s GVR Enterprises, a partnership of Madhusudhan Reddy and Vikram Reddy, without proper government authorization. It is also alleged that illegally mined material was largely sold for cash, and the proceeds were then used to purchase numerous properties under benami names, totaling ₹78.93 crore. Additionally, fixed deposits totaling ₹1.12 crore, linked to payments due to M/s GVR Enterprises, have also been seized as proceeds of crime.

The ED’s investigation remains active.

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